In 2011, none of jarrod’s friends owned a north face jacket and jarrod did not have a strong preference for north face jackets. in 2012, many of jarrod’s friends owned a north face jacket, and jarrod did have a strong preference for north face jackets. the change in jarrod’s preferences from 2011 to 2012 can be best explained by the effect.

bandwagon

Explanation:

Bandwagon effect -

It is the psychological method by which people tries to copy or do the same work , just by looking other people doing the same , regardless of their own thinking , behaviours and beliefs , is known as bandwagon effect .

It is also known as herd mentality , which simply means , copying things of that other people are doing , this phenomena is observed during the bull markets .

Hence , from the given example in the question , the correct term is bandwagon effect .

the correct answer is d. wealthy colonists to take care of the less fortunate. hope this

answer makes less frequent trips to the bank and firms make less frequent price changes;